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Berkshire Bank announced changes in its leadership in a statement released late Monday afternoon.

Daly Resigns as Berkshire Bank CEO

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PITTSFIELD, Mass. — Michael Daly has resigned as CEO of Berkshire Bank.
 
Berkshire Hills Bancorp announced on Monday that Daly has stepped down effective immediately and President Richard Marotta will take over as chief executive officer. Marotta was also appointed as a member of the board of directors. Sean Gary will take over as bank president. 
 
"Mike's commitment to the Bank, our customers and our communities has been instrumental in Berkshire's success.  We thank him for his focus on creating the strong franchise we have today," said William J. Ryan, chairman the board of directors, in a statement released on Monday that did not give a reason for Daly's departure.
 
"Building on the Company's progress under Mike's leadership, Richard is in a strong position to step into the CEO role. He is deeply familiar with our strategy, our markets and our people.  Richard, Sean and the rest of the executive team remain committed to growing Berkshire's operations, executing on the strategic plan and delivering strong results."
 
Daly had been with the bank since 1986 as a commercial lender. He became CEO in 2002.
 
"I am extremely proud of the accomplishments that the employees of the company have achieved during my time as CEO," Daly said.
 
"When I began my tenure 16 years ago Berkshire Bank was one of the smallest banks headquartered in Massachusetts with some 300 employees, the company is now the largest with nearly 2,000 employees. I've built long-lasting relationships with many employees during this time who I will continue to view as my family."
 
Daly had overseen a vast expansion of the company during his time and it now boasts of $12 billion in assets.  
 
Marotta has been the senior executive vice president and president since 2015. He has been with Berkshire Bank since 2010, starting as a chief risk officer. He is credited with restructuring the risk, credit, compliance, and anti-fraud programs. He played roles in mergers and acquisitions and implemented the move of the bank's headquarters into Boston last year.
 
Gray has been the chief operating officer since 2015. From 2010 until 2015 he was the executive vice president of retail banking. He also serves as the president of Berkshire Insurance Group.  
 
The Boston Business Journal reports that Daly will receive a severance package worth $7.5 million to be paid out over the next 18 months. 

Tags: Berkshire Bank,   resignation,   

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Pittsfield Celebrates Robert 'Bob' Presutti on Arbor Day

By Brittany PolitoiBerkshires Staff

Bob Presutti, right, is presented the Hebert Award in 2017 for his volunteer efforts at Springside Park. He died in 2023 at age 88.

PITTSFIELD, Mass. — A tree has been planted next to the Berkshire Athenaeum in honor of local "giant" Robert Presutti.

Officials celebrated Arbor Day on Friday by installing a commemorative plaque next to the American elm sapling. This is a tree that James McGrath, the city's park program manager, said Presutti would have been particularly proud of.

"Today is a day where we yes, celebrate trees, but today is also a day where here in the city we intentionally try to acknowledge the good work of folks in our community who spend their time and their efforts and their talents to make Pittsfield a more beautiful place," he said to a crowd of about 20 people.

"Today we are honoring a longtime community volunteer named Bob Presutti. I'm sure a lot of you here know Bob and know his contributions to the city, not only when it comes to trees and parks but also to the Retired Senior Volunteer Program."

The longtime volunteer passed away last year at the age of 88. He contributed more than 10,600 hours to RSVP and had great impacts on the Parks Department over the years from sharing his knowledge and talents to ensuring that workers were safe when working on trees.

"This morning I went through my emails to see how many emails Bob Presutti sent me since the year 2001 when I started with the city. Bob Presutti sent me 14,000 emails and nearly every single one of those was about trees," McGrath said, prompting laughter and smiles from attendees.

One thread struck him as particularly important because it showed Presutti's empathy when it comes to the safety of city workers while caring for trees.

"There were multiple emails from Bob about the need to get the Parks Department maintenance guys into a program learning about chainsaw safety and learning about ladder safety. He was really into making certain that our city workers were well cared for and had all of the instruction that they needed and in fact, he even offered his own time and services after he became certified to teach our city workers," McGrath said.

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